Last checked at 23 Aug 2012 13:15
Praetorian Resources Limited
("Praetorian Resources" or the "Company")
Changes to notifiable interests in shares
Praetorian Resources (AIM: PRAE; PRSS) announces that following the completion by Longships plc of a return of capital to its shareholders (the "Return of Capital") today, Longships plc has transferred its entire holding of ordinary shares of no par value in the Company ("Ordinary Shares") and of subscription shares of no par value in the Company ("Subscription Shares") to shareholders of Longships plc. Longships plc therefore no longer has a notifiable interest in any shares in the Company for the purposes of the Company's articles of association and Chapter 5 of the Disclosure and Transparency Rules.
Furthermore, as a result of the Return of Capital, the following changes have occurred in the interests in the Company's issued share capital of certain of the Directors of the Company and the Advisory & Execution Team members:-
Richard Lockwood | Malcolm Burne | Charles Cannon-Brookes | |
Position | Director and Advisory & Execution Team member | Director and Advisory & Execution Team member | Advisory & Execution Team member |
Number of Ordinary Shares held prior to the Return of Capital | 3,071,000 | 960,228 | 716,500 |
Number of Ordinary Shares received as a result of the Return of Capital | 400,000 | 407,500 | 173,900 |
Resultant number of Ordinary Shares held | 3,471,000 | 1,367,728 | 890,400 |
Holding of Ordinary Shares as a percentage of total issued Ordinary Shares | 7.44 | 2.93 | 1.91 |
Number of Subscription Shares held prior to the Return of Capital | 1,535,500 | 480,114 | 358,250 |
Number of Subscription Shares received as a result of the Return of Capital | 200,000 | 203,750 | 86,950 |
Resultant number of Subscription Shares held | 1,735,500 | 683,864 | 445,200 |
Malcolm Burne holds his Ordinary Shares and his Subscription Shares in his own name and through White Knight Investments Ltd.
No consideration was payable to Longships plc for the Ordinary Shares and the Subscription Shares transferred through the Return of Capital. Further information on Longships plc's Return of Capital to its shareholders can be found on Longships plc's website: www.longshipsplc.com.
Contact:
For further information, please contact:-
Praetorian Resources Limited | +44 (0)1481 253 797 |
Robert King, Director | |
Westhouse Securities Limited (Nominated Adviser) | +44 (0)20 7601 6100 |
Richard Baty | |
Petre Norton | |
Ocean Equities Limited (Broker) | +44 (0)20 7786 4370 |
Guy Wilkes | |
Newgate Threadneedle (Financial PR) | +44 (0)20 7653 9850 |
Beth Harris | |
Graham Herring |